MOSCOW, February 14 (RIA Novosti) - Recently-established government corporations will be gradually prepared for initial public offerings (IPOs), President Vladimir Putin said on Thursday at his final Kremlin news conference.
"We'll seek to ensure that these companies are prepared, within several years of receiving state capital investment and improving their technology and market capitalization, to hold initial public offerings to make them part of the market economy," Putin said.
The president said Russian government corporations could be sold in parts or fully privatized on fair terms and without detriment to the state after they become competitive both domestically and internationally.
At the same time, Putin said Russia had no plans to move toward state capitalism.
The Russian president identified economic diversification and qualitative changes in the governance of the country as Russia's top two priorities.
